Western Australian Current Regulations Western Australian Current Regulations (1) It is a function
of the AEMO to prepare for the proposed conferral of a function on it under
the Electricity Industry Act 2004 or the
Gas Services Information Act 2012 .
(2) For the purposes
of subregulation (1), the Minister must, by instrument in writing given
to the AEMO, identify the function.
(3) Without limiting
the generality of subregulation (1), preparing for the proposed conferral
of a function includes —
(a)
undertaking feasibility studies, and similar studies and analysis, for the
purposes of the proposed conferral of the function; and
(b) in
relation to a function that is, at the time, a function of another
person —
(i)
carrying out activities relating to a due diligence
process undertaken in relation to the other person for the purposes of the
proposed conferral of the function; and
(ii)
making arrangements relating to the transfer of
information, assets, rights, liabilities, employees and contracts and other
arrangements of the other person for the purposes of the proposed conferral of
the function.
(4) A due diligence
process in relation to a person includes the following activities —
(a) the
examination and review of, and reporting on, information held by the person
relating to —
(i)
the financial position of the person;
(ii)
the assets, rights, liabilities and contracts and other
arrangements of the person;
(iii)
the terms and conditions on which employees of the person
are employed;
(b) the
identification and description of, and reporting on, systems, assets, rights,
liabilities, employees and contracts and other arrangements of the person;
(c) the
examination and review of, and reporting on, contracts and other arrangements
of the person.